85R2809 SMT-D
By: Goldman H.B. No. 302
A BILL TO BE ENTITLED
AN ACT
relating to the exemption from ad valorem taxation of mineral
interests having a value of less than a certain amount.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. The heading to Section 11.146, Tax Code, is
amended to read as follows:
Sec. 11.146. MINERAL INTEREST HAVING VALUE OF LESS THAN
$2,000 [$500].
SECTION 2. Section 11.146(a), Tax Code, is amended to read
as follows:
(a) A person is entitled to an exemption from taxation of a
mineral interest the person owns if the interest has a taxable value
of less than $2,000 [$500].
SECTION 3. This Act applies only to a tax year beginning on
or after the effective date of this Act.
SECTION 4. This Act takes effect January 1, 2018.